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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.88

+0.9%

4:00 PM EST

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To: goldsnow who wrote (6132)	1/16/1998 7:54:00 PM
From: Ahda	Read Replies (2) of 116762

U.S. Consumer Prices at 11-Year Low in 1997 "The news is remarkable. This shows the core rate of inflation is at the lowest rate since 1965. It's precisely what markets were expecting and it is very positive for the bond market," said Paul Boltz, chief economist at T. Rowe Price Associates Inc. Economists have been surprised at the tame rate of inflation, particularly after a year in which the American labor market tightened and unemployment fell, conditions in the past that have been linked to higher prices Maybe partof that answer in here Sears, Roebuck and Co uncollectable accounts were up 80 percent year over year in the third quarter, and up more than 100 percent over the second quarter. Rubins Thoughts U.S. helped to contain Asia crisis fallout-Rubin Rubin added there was ''no guarantee'' that the Asian bailout programs would work but added the region's recovery was of ''enormous concern'' to the United States. biz.yahoo.com

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